Charisma Energy Services Limited Announces Unaudited Consolidated Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2017; Reports Impairment of Plant and Equipment for the Fourth Quarter 2017
For the year, the company reported revenue of $19,834,000 against $24,537,000 a year ago. Loss from operating activities was $26,421,000 against profit from operating activities of $4,703,000 a year ago. Loss before taxation was $31,346,000 against profit before taxation of $1,238,000 a year ago. Loss was $31,358,000 against profit of $1,255,000 a year ago. Net cash generated from operating activities was $5,338,000 against $12,797,000 a year ago. This was mainly due to cash generated from the operations of the group. Purchase of plant and equipment was $18,325,000 against $7,440,000 a year ago. LPS based on fully diluted basis was 0.24 cents against EPS based on fully diluted basis of 0.01 cents a year ago.
The company reported impairment of plant and equipment of $30,733,000 for the fourth quarter 2017 against $7,000,000 a year ago.